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Description
2023 Tax Season Federal Updates - Business
IRS Program #: X9QQU-U-01100-23-O
CTEC #: 6257-CE-0267
CE: 2 IRS & 2 CTEC credits
Speakers: Allan (A.J.) Reynolds, EA & Michael Miranda, CPA, QKA, AEP
Tax season always brings new challenges, and this upcoming season will be no exception. Join us for this fast-paced, must-attend updates and overview on Thursday where you will receive the latest information and guidance that has transpired over the last 12 months affecting your practice encompassing your business clients.
Can't watch live? Don't worry! The on-demand will be posted after the webinar for CE credit!
Learning Objectives:
- Summarize any late breaking updates, tax related legislation, or guidance.
- Examine the Corporate Transparency Act.
- Investigate ERC updates.
- Study PTET issues.
- Discover IRIS (Information Returns Intake System).
- Appraise Bonus, IRC Section 179, and other Depreciation opportunities.
- Explore Form 1099-K and examine FAQs.
- Adoption of a Retirement Plan after year end (SECURE Act §2.01).
- Review of post-mortem income planning opportunities using Trusts and Estates considering possible reduction to the basic exclusion amount.
- Review of special taxation issues associated with Trusts and Estates.
- Revisit the reporting requirements on DSUE, new 5-year rule, and Form 8971.